Why #BTCBreaksATH ? Well, $BTC is ATH primarily because of entry of some new big shots along with the emotion in humans named FOMO. However, the turbulence can be expected by Fed policy and reaction of states on Trump's tariffs. As GoldmanSach mentioned that Trump's tariffs are inflationary in nature. Anyhow, Let's see!
Why is $BTC pumped? First, however, a secondary reason but multiple states have gradually adopted and taken measures to regularize the crypto, like Pakistan. Second, investment of big corporations have taken $BTC as their reserves, take a case of the UK base real estate company named Mourano- one of the biggest real estate corporations in the UK have taken 500 million worth of btc. #BTCWhaleMovement
Check out the bullish run of $BTC owing to the recent Musk's statement regarding formation of #MuskAmericaParty , and in response, Musk faced criticism from the Treasure secretary and others. Resultantly, the milieu of negativity has created over stock market, and people are again putting money in crypto.
Yesterday's bearish run of $BTC is primarily caused by the movement of capital from crypto to forex. Because, on Friday, the employment data was released which shows growth in employment, and it made the capital flow to stocks and forex. That's why $BTC has not achieved the benchmark of >110k. And it is still hovering on around 108k
The One Big beautiful Bill a.k.a OBBBA is broadly bullish for cryptocurrencies in the short term, driving $BTC and altcoin prices higher as hedges against inflation and dollar weakness. However, long-term risks include potential interest rate hikes, which will strengthen the dollar in forex and traders to gain profits will extract money from crypto and invest in forex. To be prepared for it, a wise investor must monitor inflation data, Treasury yields, and Federal Reserve actions, as these will significantly influence crypto’s trajectory.